On Mon, 18 Sep 2006 22:50:27 -0400, Margy Natalie
wrote:

Marty Shapiro wrote:
Mxsmanic wrote in
:


Marty Shapiro writes:


The IRS allows 47.5 cents/mile as the cost to operate a car if its
use is tax deductible.

You use IRS figures for the car, but not for the plane. How much does
the IRS allow for operating a plane instead of a car?



I've never found a direct answer for the IRS allowance for private air
travel. Whenever I rent an aircraft for an Angel Flight, I get to deduct
the entire cost of the rental.


Found the Federal reimbursements.

Margy

For private use of non federal aircraft when I was looking into some
commuting they had several "it depends".

If I were flying my plane to a seminar held for the company I worked
for it wasn't a lot more than cars and back then that wasn't much.
OTOH IF I rented I could deduct the entire cost as long as it didn't
exceed a non discount coach class airfare between the same two
locations.

If I were self employed and using my own plane (consulting) it was
actual cost not to exceed the non discount coach class airfare.
That makes the TBM-700 a bit rich for traveling between sites with
just one person.

The Deb can come just shy of the non discount airfare.
With two in it I'm way ahead of the game.

OTOH the company I worked for prohibited employees flying their own
airplanes on company business. I took a lot of vacations the day
before and the day after a number of schools and seminars. Still,
when I retired they owed me over 90 days of vacation.
Roger Halstead (K8RI & ARRL life member)
(N833R, S# CD-2 Worlds oldest Debonair)
www.rogerhalstead.com